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Michael Fusco

Licensed Real Estate Salesperson

212-430-5281
michael.fusco@mmreis.com

260 Madison Avenue 5th Floor, New York, NY 10016

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Professional History

Michael Fusco’s career in real estate began while in college, working with The Bonanno Real Estate Group of Teaneck, New Jersey, his grandfather’s company. He was responsible for daily operations along with frequent site visits across the company’s one million square feet of industrial holdings.

Here at Marcus & Millichap, Michael’s main focus is working on multifamily and mixed use assets throughout New York City’s Bronx market. He and the New York Multifamily team provide clients with the highest quality of brokerage through local market expertise, and industry-leading research market trends. As an exclusive listing agent, he works with clients using Marcus & Millichap’s national platform to deliver the highest price through a competitive bidding environment and the quickest probability to close by leveraging existing qualified buyer relationships.

Michael gained an unwavering passion for commercial real estate at a young age from his early experience with the family business, and the exposure to owning and operating a variety of assets. Being born in Wayne, New Jersey, Michael has always been in close proximity to the New York real estate market. He attended West Virginia University where he graduated with a Bachelor’s Degree in Business Administration. When not in the field, Michael can be found with his family and friends, watching sports, or in the gym.

Michael’s Newsroom

Latest Podcast Episode

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Latest Articles

ArticleMarket Insights
September 24, 2024

Bridging the Gap Between Buyers & Sellers: The Shifts in NYC Underwriting

Despite being in the commercial real estate business and not the residential market there is a surprising amount of emotion involved in my day to day. Many of the clients our team has represented in 2024 have been selling long-held family heirlooms disguised as rent stabilized apartment buildings. My goal is to clarify the underwriting norms for rent-regulated buildings in 2024, easing emotions and setting realistic expectations from the onset. How We Got Here New York is different than the rest of the country. Vacant buildings can often be more…
ArticleMarket Insights
July 9, 2024

2024 Sellers: How To’s & What’s Coming

My team and I often get asked: who are the buyers and sellers, and are deals actually getting done? Transactions are happening but there are more obstacles than ever before. Our team has taken on a record amount of new inventory and the pace seems to be increasing each month. The motivation behind new inventory is driven by maturing or rollover debt, sellers not seeing a path to profitability, inability to complete or pay for compliance mandates, and general management fatigue. Rent stabilized buildings aren’t selling themselves. The broker, as…
ArticleMarket Insights
April 8, 2024

Sell Now or Wait? Things To Consider Before Deciding

People decide to sell real estate to solve a problem, capitalize on an opportunity, or realize a profit.  Management fatigue is also motivating people to transact. Our team receives countless requests for opinions of value and often the client says, “I can’t sell at that price.” What I’ve noticed is that the people who are contemplating selling are looking for a mathematical reason why it makes sense. The math doesn’t look great, but that doesn’t mean you shouldn’t sell. We continue to sell rent stabilized buildings at negative leverage on…

Latest Deals of The Week

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Michael’s Recent Closings on Traded